“India committed to not only no longer purchasing Russian oil, but buying oil from the United States, also perhaps from Venezuela too, which will now have a direct benefit on the US and American people,” Leavitt told reporters at the White House

The Trump administration is working to put the details of its trade deal with India announced on Monday on paper, but it will reduce India's tariffs on American industrial goods to zero, US Trade Representative Jamieson Greer said.

India pledges to stop buying Russian oil and invest $500 billion in U.S. sectors under a new trade agreement.

A much-anticipated trade deal between India and the U.S. is at "a very advanced stage," India's oil and natural gas minister told CNBC Tuesday.